AUSTIN, TX. November 29, 2017 - Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed the acquisition of four hotels with a combined total of 652 guestrooms for an aggregate purchase price of $164 million, or approximately $252,000 per key. The portfolio includes the 207-guestroom Courtyard New Haven at Yale, the 148-guestroom Hilton Garden Inn Boston/Waltham, the 175-guestroom Residence Inn Cleveland Downtown, and the 122-guestroom Homewood Suites by Hilton Tucson/St. Philip's Plaza University. The agreements to acquire the portfolio were previously announced on November 13, 2017.

Adjacent to Yale University in a prime location, the Courtyard New Haven at Yale is a unique opportunity to acquire the only Marriott-branded hotel within nearly ten miles of downtown New Haven. After undergoing a comprehensive renovation of all public spaces and guestrooms in 2016 and with the city of New Haven's strict zoning and design requirements, the Company expects the hotel to benefit from very limited new supply and continue to be a market leader. Other demand generators and local attractions include the Yale-New Haven Hospital, Smilow Cancer Center, Yale Peabody Museum, Lighthouse Point Park, and the Knights of Columbus Museum.

The Hilton Garden Inn Boston/Waltham is centrally located along the Route 128/Interstate 95 corridor, also known as "America's Technology Highway." Known for its high barriers to entry and strong fundamentals, Boston is a dynamic gateway market with a diverse and stable demand base, and is a premier destination for international meetings and conventions. The hotel benefits from exceptional corporate demand with 16.4 million square feet of office space situated within three miles of the property and another one million square feet under construction. The Company anticipates investing approximately $4.0 to $5.0 million into a complete renovation of all public spaces and guestrooms over the next two years.

Located in the heart of Cleveland's central business district ("CBD"), the recently-renovated Residence Inn Cleveland Downtown is well-positioned within the CBD's 9.5 million square feet of Class A office space, which includes the headquarters of Fortune 500 companies Sherwin-Williams, KeyCorp, and Cliffs Natural Resources. In recent years, Cleveland has become a global leader in the healthcare, biomedical engineering, and technology industries. Leisure demand generators such as Progressive Field, Quicken Loans Arena, Horseshoe Casino Cleveland, and the nightlife of 4th Street are all located just a short walk away.

The Homewood Suites by Hilton Tucson/St. Philip's Plaza University is located in St. Philip's Plaza near the University of Arizona. The hotel's premier location benefits from a balanced mix of corporate, university, and leisure demand. Corporate demand generators include Raytheon Missile Systems, Texas Instruments, IBM, Intuit Inc., and Universal Avionics, among many others. Other demand generators include the University of Arizona, one of the largest universities in the nation with over 40,000 students and 3,000 faculty members, St. Philip's Plaza, a mixed-use development consisting of high-end dining and retail, the University of Arizona Medical Center, the University of Arizona Cancer Center, and Catalina Foothill tourism.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 27, 2017, the Company's portfolio consists of 83 hotels located in 26 states with a total of 12,242 guestrooms. For additional information, please visit the Company's website, www.shpreit.com and follow the Company on Twitter at @SummitHotel_INN.

Contact:

Adam Wudel

(512) 538-2325

Forward Looking Statements

This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would," or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Examples of forward-looking statements include the following: the Company's ability to realize embedded growth from the deployment of renovation capital, capital expenditures or other financial items; descriptions of the Company's plans or objectives for future operations and descriptions of assumptions underlying or relating to any of the foregoing expectations regarding the timing of their occurrence. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission ("SEC"). Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For information about the Company's business and financial results, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC, and its quarterly and other periodic filings with the SEC. The Company undertakes no duty to update the statements in this release to conform the statements to actual results or changes in the Company's expectations.

About Marriott International

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Guest Service: Empowering People

Excellent customer service is vitally important in all businesses but it is especially important for hotels where customer service is the lifeblood of the business. Outstanding customer service is essential in creating new customers, retaining existing customers, and cultivating referrals for future customers. Employees who meet and exceed guest expectations are critical to a hotel's success, and it begins with the hiring process. It is imperative for HR personnel to screen for and hire people who inherently possess customer-friendly traits - empathy, warmth and conscientiousness - which allow them to serve guests naturally and authentically. Trait-based hiring means considering more than just a candidate's technical skills and background; it means looking for and selecting employees who naturally desire to take care of people, who derive satisfaction and pleasure from fulfilling guests' needs, and who don't consider customer service to be a chore. Without the presence of these specific traits and attributes, it is difficult for an employee to provide genuine hospitality. Once that kind of employee has been hired, it is necessary to empower them. Some forward-thinking hotels empower their employees to proactively fix customer problems without having to wait for management approval. This employee empowerment—the permission to be creative, and even having the authority to spend money on a customer's behalf - is a resourceful way to resolve guest problems quickly and efficiently. When management places their faith in an employee's good judgment, it inspires a sense of trust and provides a sense of higher purpose beyond a simple paycheck. The April issue of the Hotel Business Review will document what some leading hotels are doing to cultivate and manage guest satisfaction in their operations.